In an interview with CNBC-TV18, A Prasanna, Chief Economist at I-Sec PD shared his readings and views on bond markets.

In an interview with CNBC-TV18, A Prasanna, Chief Economist at I-Sec PD shared his readings and views on bond markets.

Inflation numbers were broadly in-line with the consensus, he said.

The focus will now shift to the inflation outlook for next year and that will be driven primarily by the minimum support price (MSP) fixings, which should come out sometime before kharif season starts, he added.

It is possible that yields could soften further from here. It is likely that the 10-year yield could go to 7.30-7.40 percent range and trade there, said Prasanna.